My broker gives me the choice of ‘limit’ and ‘market orders’. What does he mean?

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With a limit order, the client tells the broker what is the maximum price (for buy orders) or a minimum price (for sell orders) at which they are prepared to trade. This allows the client to set a target price, but the order will not be filled if the share price moves above (for buy orders) or below (for sells) this limit. With a market order, the client instructs the broker to buy or sell immediately at the market price, ensuring the order is filled.

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